Everything you need to know about Vehicle Excise Duty
Vehicle Excise Duty or VED is commonly referred to as Road Tax. A tax levied by the government to drivers which bring the UK government £730 million every year in revenue. The 2015 budget announcement stated that all funds raised through VED will be used in the upkeep of Britain's road network by 2020. This Vehicle Excise Duty is collected by The DVLA who govern Britains road users.
There might be times when the cost of your company car tax takes you up and over your budget. It’s all well and good getting a car on a great discount but if it costs you a fortune in company car tax, is it really worth it?We have, at times, even advised people to lease privately rather than through their business because the company car tax is so high.But there are ways around paying so much money in company car tax. In this article, we’re going to look at the exemptions to company car tax, and how to reduce your company car tax.
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